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And Now for Something Completely Different

posted by Stephen Lubben

Dscn2003 For a person interested in the history of corporate bankruptcy, living in Northern New Jersey can be great fun, as every day provides reminders of the great bankruptcy cases of the past, particularly those involving the many railroads that once converged here, all of which were in receiverships and/or section 77 proceedings at various points in time. The sign pictured here is one I see every morning at the Newark's Pennsylvania Station, even though the last Penn Central train departed several decades ago. I'm sure this has confused more than a few tourists over the past few years!


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  • As a public service, the University of Illinois College of Law operates Bankr-L, an e-mail list on which bankruptcy professionals can exchange information. Bankr-L is administered by one of the Credit Slips bloggers, Professor Robert M. Lawless of the University of Illinois. Although Bankr-L is a free service, membership is limited only to persons with a professional connection to the bankruptcy field (e.g., lawyer, accountant, academic, judge). To request a subscription on Bankr-L, click here to visit the page for the list and then click on the link for "Subscribe." After completing the information there, please also send an e-mail to Professor Lawless (rlawless@illinois.edu) with a short description of your professional connection to bankruptcy. A link to a URL with a professional bio or other identifying information would be great.